Has Silver Bottomed Out?
- Thread starter Dynoman
- Start date
Pirocco
Well-Known Member
A bank account is a sure loss, so all those that sold their silver during the past months, what now? The last that sold need a lower next bottom. So they need now others doing the same. And as per definition of a bottom, the last ones doing so give away their place in the buying order.
Fat Freddy
New Member
I believe there's a very strong probability that it may have. I made a large purchase at my LCS yesterday morning and right now (the 28.5 hour point) silver
spot is five cents higher than it was when I made the purchase. This has never happened before. Never once in all time I've been stacking and never once after
even one of all the buys I've made. Silver spot invariably drops like a bowling ball in an open elevator shaft right after every time I make a purchase. Onetime, I
watched it drop a full dollar inside 45 minutes after I made an online purchase. It's not uncommon for the Kitco silver spot chart to look like the side view of a
downward-running roller coaster structure in the time frame right after I make a buy. AND -- the bigger my buy, the bigger and the more violent the drop usually is.
BUT....... This time -- nothing! Just a little bit of meaningless, typical up+down jiggling, but basically -- just sideways. To the tune of w/in 5 cents of unchanged
at the 28+ hour point. This isn't just merely unprecedented -- it's bizarre.
For silver spot to not drop after I make a buy (and yesterday's buy was probably my 2nd biggest buy ever), something has to be going on here. The Silver Spot
God (sadistic old bugger that He is!) LOVES to see me get morose and depressed but it seems the old boy is definitely asleep at the switch this week.
Something is positively going on. Don't know for sure if silver's finally, truly bottomed out, but this just possibly might be it!!
If anybody wants to find out for absolutely, positively sure, send me a few thou. I'll do some more buying and we can find out what happens.
spot is five cents higher than it was when I made the purchase. This has never happened before. Never once in all time I've been stacking and never once after
even one of all the buys I've made. Silver spot invariably drops like a bowling ball in an open elevator shaft right after every time I make a purchase. Onetime, I
watched it drop a full dollar inside 45 minutes after I made an online purchase. It's not uncommon for the Kitco silver spot chart to look like the side view of a
downward-running roller coaster structure in the time frame right after I make a buy. AND -- the bigger my buy, the bigger and the more violent the drop usually is.
BUT....... This time -- nothing! Just a little bit of meaningless, typical up+down jiggling, but basically -- just sideways. To the tune of w/in 5 cents of unchanged
at the 28+ hour point. This isn't just merely unprecedented -- it's bizarre.
For silver spot to not drop after I make a buy (and yesterday's buy was probably my 2nd biggest buy ever), something has to be going on here. The Silver Spot
God (sadistic old bugger that He is!) LOVES to see me get morose and depressed but it seems the old boy is definitely asleep at the switch this week.
Something is positively going on. Don't know for sure if silver's finally, truly bottomed out, but this just possibly might be it!!
If anybody wants to find out for absolutely, positively sure, send me a few thou. I'll do some more buying and we can find out what happens.
We could come to some sort of arrangement in the future.
Whenever you buy silver, let me know and I will wait a few weeks to buy my silver and when I buy shares I will tell you and then you will wait a few weeks to buy exactly the same shares as me but at a significant discount.
Whenever you buy silver, let me know and I will wait a few weeks to buy my silver and when I buy shares I will tell you and then you will wait a few weeks to buy exactly the same shares as me but at a significant discount.
pdkbffwleo
New Member
Fat Freddy said:
This is great, because it's so true. I purchased 200 1 oz Buffalo's a few months ago, and the next two days, it dropped like $5 to around $23.
But, my next purchase of 24 Kook's, 10oz coins, was at $22.34 spot...so, I have to agree with you! It's bottomed out! lol
pdkbffwleo said:
You wont regret buying the kooks.
victoryocum
New Member
Not really according to me. The sharp fall in the prices of gold and silver may have stemmed from the shift in market sentiment. I believe that the minutes of the previous FOMC meeting, the decision of Bank of Japan to augment its asset purchase program and the weak economic data on China may have also contributed to the tumble in gold and silver prices.
NNikolajsen
New Member
Hard to say, but I can guarantee you that it has not topped yet 
TreasureHunter
Well-Known Member
I'm contemplating on the same issue here...
It's trading sideways. This will end either in a spike or in a dip. We'll see...
If it dips, it can't go much lower. If it climbs, it has a lot more to go!
It's trading sideways. This will end either in a spike or in a dip. We'll see...
If it dips, it can't go much lower. If it climbs, it has a lot more to go!
Load of Bullion
Well-Known Member
Sideways action. I'm not buying or selling at these prices.
Hmm. Jobs report is out:
http://m.huffpost.com/us/entry/3401718
"U.S. employers added 175,000 jobs in May, steady hiring but below the more robust pace that took place during the fall and winter."
"The modest gains likely mean the Federal Reserve will continue its bond purchases. The Fed has said it will maintain its pace of bond purchases until the job market improves substantially. The purchases have helped drive down interest rates and boost stock prices."
http://m.huffpost.com/us/entry/3401718
"U.S. employers added 175,000 jobs in May, steady hiring but below the more robust pace that took place during the fall and winter."
"The modest gains likely mean the Federal Reserve will continue its bond purchases. The Fed has said it will maintain its pace of bond purchases until the job market improves substantially. The purchases have helped drive down interest rates and boost stock prices."